For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $3,725,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 20,420 sqft
Price per Sqft $182
MLS Listing ID 301385
Sold Date 09/30/24
HOA Y/N No
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2004
Annual Tax Amount $7,302
Tax Year 2023
Lot Size 1.420 Acres
Acres 1.42
Property Sub-Type Multi Family
Property Description
We are pleased to exclusively present Ogle Townhomes. These 21 units are 100% occupied and centrally located in Gatlinburg, Tennessee. Gatlinburg is known as the gateway to the Great Smoky Mountains National Park, the most visited national park in the United States. The property is currently operated as traditional apartments, but the zoning allows for short term rentals as well. The property has historically been fully occupied and there is ability to further increase rents. There are laundry facilities on site. Each unit is separately metered for electric and water is on one meter, however that expense will be billed back for any new leases executed.
Location
State TN
County Sevier
Zoning R2
Direction From Gatlinburg travel on 321 towards Cosby to Left on Mills Park Rd to Left on Ogle Rd see apartments.
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Vinyl
Exterior
Parking Features On Site, Paved
Building
Story 2
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP